You are here

Aussie banks to repay customers mischarged fees

Over 200,000 Big Four bank customers to be refunded at least A$178m for financial advice which wasn't provided

Fri, Oct 28, 2016 - 5:50 AM

Sydney

AUSTRALIA'S corporate regulator says the country's Big Four banks will have to repay at least A$178 million (S$190 million) to more than 200,000 customers as a result of past practices of charging fees for financial advice without providing it.